Northwestern Mutual Wealth Management Co. Sells 11,308,314 Shares of Capital Group Growth ETF $CGGR

Northwestern Mutual Wealth Management Co. cut its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 99.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 66,496 shares of the company’s stock after selling 11,308,314 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Growth ETF were worth $2,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Boulder Wealth Advisors LLC bought a new position in Capital Group Growth ETF in the 4th quarter valued at approximately $6,399,000. Cornerstone Wealth Management LLC lifted its position in Capital Group Growth ETF by 69.9% in the 4th quarter. Cornerstone Wealth Management LLC now owns 62,020 shares of the company’s stock valued at $2,758,000 after acquiring an additional 25,522 shares in the last quarter. PCG Wealth Advisors LLC lifted its position in Capital Group Growth ETF by 13.8% in the 4th quarter. PCG Wealth Advisors LLC now owns 52,797 shares of the company’s stock valued at $2,348,000 after acquiring an additional 6,392 shares in the last quarter. Financial Council LLC lifted its position in Capital Group Growth ETF by 5.6% in the 4th quarter. Financial Council LLC now owns 459,406 shares of the company’s stock valued at $20,430,000 after acquiring an additional 24,166 shares in the last quarter. Finally, Moneywise Inc. bought a new position in Capital Group Growth ETF in the 4th quarter valued at approximately $5,024,000.

Capital Group Growth ETF Stock Performance

CGGR stock opened at $46.06 on Tuesday. The stock has a market capitalization of $22.90 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12-month low of $37.05 and a 12-month high of $46.79. The stock’s 50 day simple moving average is $43.34 and its 200 day simple moving average is $43.71.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.